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Updated over 3 years ago,
How to transition a property from Sole Proprietor to LLC?
Hi All,
I read a bunch of different forum posts on the different approaches, but was curious if anyone had the tactical (step by step) process for this question.
1. What is the step-by-step process to transition an existing triplex from being owned personally into an LLC?
2. Moving forward, how do I set myself up so that I do not need to do this moving forward, but can buy every future property under an LLC?
- Do I need to/should I work with an attorney and/or CPA?
I feel like I'm making this harder than it needs to be, so I was curious if any one had a K.I.S.S. (Keep it simple stupid) process for how they work through question 1 and question 2 step by step?
Thank you in advance for anyone willing to share how they approach these instances.
Nick Zasowski